Slow motion destruction...
Saudi Finance Minister: “I Wouldn’t Care If The Oil Price Is Zero” - The Saudi government has developed plans for root and branch economic change. But how can they cope if (when) it falls short?
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Hindenburg Omen' Flashes Technical Gauge and Its Creator Sense Stock Gloom; 'Good Conspiracy Theories'?
BY STEVEN RUSSOLILLO AND TOMI KILGORE
Forget about Friday the 13th. Many on Wall Street took to whispering about an even scarier phenomenon—the "Hindenburg Omen."
The Omen, named after the famous German airship in 1937 that crashed in Lakehurst, N.J., is a technical indicator that foreshadows not just a bear market but a stock-market crash. Its creator, a blind mathematician named Jim Miekka, said his indicator is now predicting a market meltdown in September.
Wall Street has been abuzz about whether the Hindenburg Omen will come to bear, with some traders cautioning clients about the indicator and blogs pondering all the doom and gloom. - Wall Street Journal